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Pfizer CEO says 'no commitments' made in meetings with US government on drug pricing
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Pfizer CEO says 'no commitments' made in meetings with US government on drug pricing
Jun 9, 2025 6:08 AM

June 9 (Reuters) - Pfizer ( PFE ) and other drug

companies have met with the Trump administration to discuss

lowering U.S. drug prices but no commitments have been made,

Chief Executive Albert Bourla said on Monday.

The meetings focused on high-level ideas and were not

digging into any substance yet, Bourla said, speaking at Goldman

Sachs' Global Healthcare Conference.

"The meetings were cordial, but they were not digging into

the substance," Bourla said.

President Donald Trump last month issued an executive order

directing drugmakers to lower the prices of their medicines to

align with what other countries pay, but legal experts have said

the policy will be difficult to implement.

The Department of Health and Human Services has said it

expects drugmakers in the U.S. to set prices for their products

at the lowest price it receives in countries that have a gross

domestic product per capita of at least 60% of U.S. per-capita

GDP.

Bourla said he is hopeful that, given U.S. pressure on

European countries to pay more, prices there could increase. He

said that if the U.S. resorts to price controls, Pfizer ( PFE ) could

consider not making drugs available for government reimbursement

in some countries if prices don't increase there.

"I don't think we will remove our products from the

markets there - we will just remove them from reimbursement,"

Bourla said. "We will leave them in open market."

(Reporting by Michael Erman in New York, and Bhanvi Satija and

Mariam Sunny in Bengaluru; Editing by Anil D'Silva and Chizu

Nomiyama)

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